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For a 800,000 people company? Might as well be a fluctuation. That is frankly quite modest, considering that Accenture had massive contracts with the FAANG gan
by DarkNova6 4y ago
For a 800,000 people company? Might as well be a fluctuation.
That is frankly quite modest, considering that Accenture had massive contracts with the FAANG gang. And who do you think Amazon, FB, Google & friends let go before they fired their own staff? External contractors like Accenture.
- rel2thr 4y ago800k is misleading, probably vast majority of those Accenture is just acting as a middleman between employee and large company Those middleman roles would not be being cut by this, those roles will continue until the large company stops paying
- travisporter 4y agoVery frustrating clickbait word “slashes”. Destroys, annihilates would all convey the same alarming message until you get context like this.
- otikik 4y agoYeah, someone leaned too hard on the Powerwords plug-in.
- seanicus 4y agoYou're absolutely right but also it works - stock went up 4% immediately. The market can remain irrational longer than you can remain solvent etc etc.
- sailfast 4y agoConsulting firms margins are based on billable percentages across their staff. If you fire non-billable staff you are more profitable. This is a rational action by the market, acknowledging that this will likely make the company more profitable. (Assuming you don't believe they're letting go of so many people that their billable professionals will no longer function, but typically the slack gets picked up and things move on)